Zacks Research Has Positive View of Caterpillar Q2 Earnings

Caterpillar Inc. (NYSE:CAT) – Zacks Research raised their Q2 2028 earnings per share (EPS) estimates for Caterpillar in a research report issued to clients and investors on Friday, June 26th. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $8.67 for the quarter, up from their previous estimate of $8.56. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Caterpillar’s current full-year earnings is $24.66 per share.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The firm had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the previous year, the company posted $4.25 earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year.

A number of other analysts have also recently issued reports on CAT. UBS Group reiterated a “neutral” rating and issued a $900.00 target price on shares of Caterpillar in a research note on Tuesday, June 2nd. Truist Financial set a $1,043.00 price objective on shares of Caterpillar in a research note on Friday, May 1st. Oppenheimer set a $980.00 target price on shares of Caterpillar and gave the stock an “outperform” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their target price on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Finally, Jefferies Financial Group upped their target price on Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $941.45.

Caterpillar Trading Down 6.7%

Shares of NYSE CAT opened at $993.24 on Thursday. The stock has a market cap of $457.48 billion, a price-to-earnings ratio of 49.44, a PEG ratio of 2.10 and a beta of 1.57. The business has a 50 day simple moving average of $911.90 and a 200 day simple moving average of $765.06. Caterpillar has a 52 week low of $388.09 and a 52 week high of $1,073.46. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35.

Institutional Trading of Caterpillar

Institutional investors have recently modified their holdings of the company. Axxcess Wealth Management LLC increased its holdings in shares of Caterpillar by 2.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock worth $12,844,000 after buying an additional 604 shares in the last quarter. Juno Financial Group LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $877,000. ARK Investment Management LLC grew its position in Caterpillar by 11.7% during the 3rd quarter. ARK Investment Management LLC now owns 31,144 shares of the industrial products company’s stock worth $14,860,000 after acquiring an additional 3,268 shares during the last quarter. Gotham Asset Management LLC increased its holdings in Caterpillar by 19.1% during the 3rd quarter. Gotham Asset Management LLC now owns 116,589 shares of the industrial products company’s stock valued at $55,630,000 after purchasing an additional 18,676 shares in the last quarter. Finally, Cornerstone Planning LLC bought a new position in Caterpillar in the 4th quarter valued at $4,517,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, CAO William E. Schaupp sold 360 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $906.00, for a total transaction of $326,160.00. Following the transaction, the chief accounting officer owned 530 shares in the company, valued at approximately $480,180. The trade was a 40.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lange Bob De sold 24,222 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the completion of the sale, the insider owned 86,029 shares of the company’s stock, valued at approximately $79,397,884.68. The trade was a 21.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 95,773 shares of company stock worth $87,642,635. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be issued a $1.63 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.7%. Caterpillar’s payout ratio is currently 30.06%.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts at Zacks Research and Erste Group both raised earnings estimates for Caterpillar, reinforcing expectations for solid profitability and keeping the stock’s long-term outlook constructive.
• Positive Sentiment: Caterpillar has been supported by strong Q1 growth, record backlog, upbeat 2026 guidance, and Russell Top 50 Index inclusion, which helped drive the shares to a 52-week high recently.
• Neutral Sentiment: Several market-commentary pieces highlighted Caterpillar as a beneficiary of the broader AI infrastructure theme, which has helped fuel investor enthusiasm but also contributed to a richer valuation.
• Negative Sentiment: Michael Burry’s decision to short Caterpillar for the first time has raised concerns that the stock’s valuation may be stretched after its sharp run-up, and that sentiment shift is weighing on the shares. Michael Burry says he’s shorting Caterpillar for the first time after it nearly doubled in the AI-driven rally of 2026

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.